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California gas price bill on track, despite oil industry objections

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Gov. Newsom’s bill to stop spikes in California gas prices is headed for Senate approval today, despite strong objections from Chevron.

Lawmakers during the state Senate committee hearing on fuel supply and price hikes at the Capitol Annex Swing Space building in Sacramento on Oct. 7, 2024. Photo by Fred Greaves for CalMatters

Chevron, which has two massive oil refineries in California, said the bill’s supporters are making “inaccurate and flawed” arguments. In a letter to lawmakers first reported by,” that refiners do not adequately prepare for maintenance shutdowns and that the industry is engaging in price gouging. Some union leadersIf the bill passes the Senate today, the Assembly plans to convene Monday to decide whether to give final approval.

 

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